MQS Management LLC Has $426,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

MQS Management LLC grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 52.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,664 shares of the transportation company’s stock after purchasing an additional 917 shares during the period. MQS Management LLC’s holdings in J.B. Hunt Transport Services were worth $426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after buying an additional 149 shares in the last quarter. Innealta Capital LLC acquired a new position in J.B. Hunt Transport Services in the second quarter valued at about $31,000. YHB Investment Advisors Inc. bought a new stake in shares of J.B. Hunt Transport Services in the first quarter worth about $40,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $36,000. 74.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of research reports. Wells Fargo & Company began coverage on J.B. Hunt Transport Services in a research note on Friday, June 7th. They set an “overweight” rating and a $185.00 target price for the company. Morgan Stanley lowered their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Barclays dropped their price objective on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Benchmark reduced their target price on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Loop Capital lowered their target price on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.88.

J.B. Hunt Transport Services Trading Up 3.2 %

Shares of NASDAQ:JBHT opened at $174.82 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50-day simple moving average of $168.84 and a 200 day simple moving average of $171.57. The company has a market capitalization of $18.04 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.19). The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 earnings per share. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s payout ratio is 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Persio V. Lisboa acquired 600 shares of J.B. Hunt Transport Services stock in a transaction on Friday, July 19th. The shares were purchased at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.